STARWOOD SELLS WESTIN EXCELSIOR ROME TO KATARA

Katara Hospitality has agreed to purchase the Westin Excelsior Rome in Italy from Starwood Hotels & Resorts for €222 million (€702,500 per room). Starwood will continue to operate the historic 316-room hotel, on Via Veneto, under a new long-term management agreement. The historic property, which opened in 1906, will undergo an extensive renovation over the next five years. Katara now owns three hotels across Italy.